GFEBS Essentials BI Reporting (Subsumes L305E) Questions and Answers | Latest Version | 2024/2025 | Rated A+
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GFEBS Essentials BI Reporting
Institution
GFEBS Essentials BI Reporting
GFEBS Essentials BI Reporting
(Subsumes L305E) Questions and
Answers | Latest Version | 2024/2025 |
Rated A+
What is the primary purpose of BI (Business Intelligence) reporting in a financial management
system?
The primary purpose is to provide detailed insights and analysis of financial...
GFEBS Essentials BI Reporting
(Subsumes L305E) Questions and
Answers | Latest Version | 2024/2025 |
Rated A+
What is the primary purpose of BI (Business Intelligence) reporting in a financial management
system?
✔✔ The primary purpose is to provide detailed insights and analysis of financial data to support
decision-making.
How does BI reporting enhance financial data analysis?
✔✔ BI reporting enhances analysis by offering tools to visualize trends, patterns, and
performance metrics.
What is a key feature of BI reporting tools?
✔✔ A key feature is the ability to generate customizable and interactive dashboards and reports.
How does BI reporting support financial forecasting?
✔✔ It supports forecasting by providing historical data analysis and predictive analytics for
future financial planning.
1
, What type of data can be analyzed using BI reporting?
✔✔ BI reporting can analyze various types of financial data, including budgets, expenditures,
revenues, and financial performance metrics.
How can BI reporting assist in monitoring financial performance?
✔✔ It assists by tracking key performance indicators (KPIs) and providing real-time updates on
financial performance.
What role do visualizations play in BI reporting?
✔✔ Visualizations help in making complex financial data more understandable and accessible
through charts, graphs, and other graphical representations.
How does BI reporting contribute to strategic financial planning?
✔✔ It contributes by offering insights and analysis that inform long-term financial strategies and
business decisions.
What is the benefit of using interactive dashboards in BI reporting?
2
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